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WASHINGTON — Federal regulators are set to require big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under the congressional mandate to lessen the likelihood of another financial meltdown. The Federal Reserve and two other agencies moved toward adopting rules Wednesday that will subject big U.S. banks for the first time to so-called "liquidity" requirements. Liquidity is the ability to access cash quickly. The largest banks — those with more than $250 billion in assets — will have to hold enough cash, government bonds and other high-quality assets to fund operations for 30 days during a time of market...

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WASHINGTON — Federal regulators are set to require big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under the congressional mandate to lessen the likelihood of another financial meltdown. The...

Banks are paying enormous amounts to settle cases stemming from bad mortgages, but investors in Wall Street's heavy hitters are looking at different numbers — and they like what they see.An index of bank stocks climbed 1.3% on Tuesday after Citigroup...

GOP gubernatorial candidate Neel Kashkari has raised $1.3 million in the two months since he kicked off his campaign and has about $900,000 in the bank, according to disclosures filed with the state on Monday.
Kashkari’s campaign wants to raise several...

SACRAMENTO — Gov. Jerry Brown has built a war chest of $19.7 million to fund his bid for an unprecedented fourth term, easily eclipsing the money raised by his challengers, according to new campaign reports filed with the state.
Brown has raised nearly...

Touchstone has canceled its book deal with John LeFevre, the man behind the @GSElevator Twitter account. The book "Straight to Hell: True Tales of Deviance and Excess in the World of Investment Banking," had been planned for an October 2014...

RAMALLAH, West Bank -- U.S. Secretary of State John F. Kerry's plan to jump-start the Palestinian economy to boost his political efforts kicked off this weekend in the Czech Republic's capital, Prague.
A conference in Prague brought together some 100...

New York's banking regulator, Benjamin Lawsky, has ticked off the financial sector and even his fellow regulators by being, well, zealous in his job. Now he's taking aim at one of the most cherished practices in the regulatory biz: disciplining...

Here's a rundown of the latest metrics on the Affordable Care Act.
-- The percentage of uninsured Americans is falling sharply, reaching 15.9% as of the end of February, according to Gallup. That's the lowest rate the survey firm has measured since 2008....

Author Joe McGinninss, political chronicler, novelist, and sometime muckraker has died, the Associated Press reports. He was 71 and had prostate cancer.
Best known in recent years for moving next door to former Alaska Gov. Sarah Palin in Wasilla in order...

Former Goldman Sachs Group Inc. Vice President Fabrice Tourre, found liable for his part in a failed $1-billion investment, was ordered to pay more than $825,000 in the U.S. Securities and Exchange Commission case.
U.S. District Judge Katherine Forrest...

The race between the two main Republicans vying to challenge Gov. Jerry Brown's reelection has tightened, but Assemblyman Tim Donnelly still holds an edge over Neel Kashkari, a former assistant U.S. Treasury secretary, a new poll has found.
The...

Neel Kashkari's career has taken him from engineering to investment banking to managing the federal government's $700-billion bailout of Wall Street, overseeing stock funds and running for governor — all by age 40.
What others might view as a young man's...

Republican Neel Kashkari of Laguna Beach has collected just over $4 million for his gubernatorial campaign, nearly half of it from his own pocket, according to a finance report that he filed with the state Thursday.The former investment banker and...

Worries from overseas held back the stock market on Monday. Stocks started the day lower after a report showed that manufacturing in China, the world's second biggest economy, had contracted for the fourth straight month. News of more fighting between...

Alibaba Group, the Chinese Internet giant, filed Tuesday for its long-awaited initial public offering of stock in the U.S. in which it could raise as much as $15 billion.
In the filing the company made with the U.S. Securities and Exchange Commission,...

In 2008, when Treasury Secretary Henry M. Paulson needed someone to run the controversial bailout of the nation's banks, he turned to a trusted and unflappable aide who had followed him from Goldman Sachs to Washington — Neel Kashkari.
"We had other...

Before the coffee. After getting through this Comcast hearing.
The Skinny: I'm up even earlier than usual Thursday morning to get this column done fast so I can watch the House Judiciary Committee hearing on the Comcast-Time Warner Cable deal...

President Obama will promote his record on energy efficiency on Friday by touting several initiatives he says are taking hold across the country – as well as the completion of one very close to home.
After years of delay, solar panels have been installed...